December 6, 2023



Bitcoin has seen some exciting action this week, as it rallied sharply on Wednesday as another TradFi institution took a hit. However, it was followed by a strong pullback influenced by other factors, which soon led to panic selling. Let’s find out more.

bitcoin

Financial experts wonder about the U.S. government’s decision to raise its interest rates $13.4 trillion debt ceiling Will affect the Bitcoin and cryptocurrency markets.

Robert Kiyosaki on Twitter warn his followers The excesses of the banks, and recommending gold and bitcoin.

Bitcoin moves higher on news Wednesday first republic bank When there was a sudden drop, there was a strong pullback. News of Mt Gox and U.S. government moving its BTC sparks panic selling.

A Bitcoin White Paper Features that were sneakily introduced with every MacOS update since 2018 have been removed from upcoming OS updates.

Ethereum

Binance announces a new major upgrade to it ETH pledge servicethe cryptocurrency exchange will introduce Wrapped Beacon ETH (WBETH) on the staking platform.

Altcoin

Ripple Reports Sell $361 million XRP token value for the first three months of 2023 (Q1).

technology

Lens launches beta version of its blockchain Scaling Solutions, Bonsaito solve the scalability problem of decentralized social media platforms.

Google Cloud has cooperating Partner with Polygon Labs to help developers build, launch and grow their decentralized applications and Web3 products on layer 2 blockchains.

A former senior technology and security executive from venture capital giant Andreessen Horowitz (a16z) has reportedly embarked on an agency-focused initiative Crypto Custody Company.

payment processing giant visa Current blockchain technology is being built to enable users to transact in stablecoins without fiat currency conversion.

Stablecoin issuer Circle launches Cross-chain transfer protocol (CCTP) on mainnet, enabling native permissionless transfers of USDC on supported blockchains.

Business

Belgian cryptocurrency trading platform Bit4You announces suspend operations After discovering that one of its service providers, CoinLoan, was declared insolvent by an Estonian court.

investment giant Franklin Templeton The OnChain US Government Money Fund, which has announced its Nasdaq listing, is now supported on the Polygon Network.

Binance.US has Cancel Plans to buy Voyager for $1 billion, citing a “hostile and uncertain” regulatory environment in the US.

Regulation

Hong Kong’s Securities and Futures Commission (SFC) will publish guidance on its cryptocurrency exchange licensing framework in May.

In a viral 2018 video that recently resurfaced on social media, Gary GenslerThe current chairman of the U.S. Securities and Exchange Commission likens cryptocurrencies to cash.

Indian Enforcement Directorate (ED) Freeze about $916 million From bank accounts associated with companies involved in the HPZ token scam.

After two years of intense work, April 20 marks the market’s response to crypto asset regulation or “Mika

Safety

Despite being rated highly by auditing firm CertiK, Ethereum-based decentralized exchanges MerlinSuffered an attack and lost approximately $1.8 million in funds.

CertiK plans to launch a Victim Assistance Fund Return funds stolen in Merlin DEX exploit.

A wallet address has been traced to be the mastermind behind the launch 114 Suspicious Memecoins In just two months.

Disclaimer: This article is for informational purposes only. It does not provide or be intended to be used as legal, tax, investment, financial or other advice.